Crypto custody firm BitGo has filed to raise up to $201 million through an initial public offering in the United States.
The company disclosed the plans in a Form S-1 filing with the US Securities and Exchange Commission.
BitGo said it plans to offer about 11.8 million shares, including new Class A stock and shares sold by existing shareholders.
Based on a proposed price range of $15 to $17 per share, the offering implies a valuation of up to $1.96 billion.
The IPO follows BitGo’s earlier indication in September 2025 that it intended to list on the New York Stock Exchange under the ticker BTGO.
BitGo said it currently holds more than $90 billion in assets under custody since launching its platform in 2013.
Goldman Sachs and Citigroup are leading the offering as book-running managers alongside several other major US banks.
A registration statement relating to the Class A common stock has been filed with the SEC but has not yet become effective.
The company said.
BitGo added that shares cannot be sold or purchased until the registration becomes effective.